And if they're not good at it someone who is is incentivized to fill in the gap, aided by the rebellion who would seek to depose the bad ruler. I'm not sure an absolute monarch is best, and there is probably cultural variance -- you never step in the same river twice. But the generational incentives make way more sense than election cycles...

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Yep! Coups open up power vacuums and those power vacuums often end up filled by the most violent rebellion waiting to take power :/ This is why Bitcoin is the great equalizer!
It's funny, we've had this idea that freedom comes from the dismantling of government dating back to just before the rise of the Bavarian Illuminati. And since we've worked harder and fought more wars and dealt with more bureaucracy and even had more organized slavery on scales previously unseen. Maybe having leadership that believed in noblesse oblige wasn't so oppressive after all.